Shrewsbury sees house prices rise by 5pc
House prices in the region have increased in the past year – but trail way behind London, which has seen staggering rises of up to 32 per cent.
Figures released by the Office for National Statistics show that the Shrewsbury and Atcham constituency led the way for the region with the average price of a home increasing by five per cent last year.
Telford and Wrekin and Ludlow showed increases of only three per cent, while the prices of homes in North Shropshire and Montgomeryshire rose by only one per cent.
The figures are in stark contrast to Walthamstow in London where prices increased by 32 per cent, with the average home going from £250,000 to £330,000.
Bottom of the pile was Bradford West where the average house price dropped from £104,250 to £80,000 – a staggering drop of 23 per cent.
In Shrewsbury and Atcham the average home went for £174,950 in 2014, as opposed to £167,000 in 2013. The same home would have cost £52,000 in 1995.
Homes in Ludlow went from £190,000 to £195,000, while houses in Telford and Wrekin are up to £135,000 from £131,098.
North Shropshire saw a rise of £1,000, from £164,000 to £165,000, while Montgomeryshire houses also enjoyed a modest increase to £152,000 from £151,000 in 2013.
According to the figures the most expensive place to buy a house in the UK is Kensington in London where the average home will cost £1.15 million.
The cheapest place to buy a home is The Rhondda in South Wales where the price of the average home has fallen to £59,975.
George Oliver, a sales negotiator with Halls in Shrewsbury, said he was not sure the five per cent increase shown in the statistics reflects the reality of property prices in the region.
He said: "I would say that it has probably been about half of that. We are not seeing an awful lot of change to the prices that properties would have gone for two years ago.
"We get a lot of people who come and say that in London the value of their house has increased by seven per cent over the last year. They might have done in London or the Midlands but in Shropshire the prices have been fairly static.
"If you bought a property for £230,000 in Shrewsbury two years ago then you will get about the same now. The price might be a bit higher but you are not going to be seeing a lot more."
